Honda to boost dividend payout ratio to 30% -paper

Newswire

TOKYO, Nov 28 (Reuters) - Honda Motor Co. , Japan's No. 3 automaker, plans to boost its dividend payout ratio to about 30 percent in two to three years from around 20 percent this business year, the Nihon Keizai Shimbun reported on Tuesday. The business daily said Honda hoped the move would help it boost its base of individual shareholders, which is relatively low compared with its rivals including industry leader Toyota Motor Corp. Honda has returned profits to shareholders mainly ...

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